Korea Investment CORP Decreases Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Korea Investment CORP reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,609 shares of the semiconductor manufacturer's stock after selling 39,800 shares during the quarter. Korea Investment CORP's holdings in Skyworks Solutions were worth $6,705,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $33,000. Finally, Manchester Capital Management LLC increased its position in Skyworks Solutions by 325.2% during the 4th quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer's stock worth $49,000 after purchasing an additional 426 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Philip G. Brace bought 10,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.34% of the company's stock.

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Skyworks Solutions Stock Performance

SWKS stock traded up $0.18 during midday trading on Wednesday, hitting $64.80. The company's stock had a trading volume of 2,023,495 shares, compared to its average volume of 2,655,190. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.79 and a beta of 1.18. The stock's 50-day moving average price is $71.49 and its 200 day moving average price is $84.68. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on SWKS shares. Bank of America cut their price target on Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research note on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Finally, Argus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Skyworks Solutions has a consensus rating of "Hold" and an average price target of $83.78.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.